86 Bell Street, Penshurst, VIC 3289 | Commercial for sale | OnTheHouse
 
FOR SALE
Auction

86 Bell Street
Penshurst VIC 3289

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 200m2
Land area: 733m2
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Auction Time
Tue 1 Sep 11:00 am
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Commercial Investment Opportunity

Auction Location: TBA
Positioned in the heart of the thriving country township of Penshurst, this is an outstanding opportunity to secure a well-established commercial freehold investment, offered for sale by Auction.
The property is currently leased and operating as the Penshurst Milk Bar—a long-standing local business providing takeaway meals, newspapers, convenience groceries and everyday essentials to the community. Also included is a comfortable three-bedroom residence, leased as part of the tenancy.
With a secure lease already in place and a strong rental return, this is an ideal investment for those seeking reliable regional income. Lease details and financial information are available upon request.
Penshurst is perfectly positioned in the heart of Victoria's renowned South West, offering easy access to some of the state's most popular destinations. Located approximately 50 minutes from Warrnambool and the Great Ocean Road, 40 minutes from Port Fairy, 30 minutes from the Grampians National Park, and just 25 minutes from Hamilton for major shopping, healthcare and essential services, the township continues to benefit from both local trade and passing visitors.
Auction
***Unless Sold Prior***
Tuesday, 1 September 2026 at 11:00am
Venue to be advised

Property Details for 86 Bell St, Penshurst

Building Type
Commercial
Floor Size
200m2
Land Size
733m2
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About Penshurst 3289

The size of Penshurst is approximately 316.8 square kilometres. There is 1 park, covering nearly 0.1% of the total area. The population of Penshurst in 2016 was 622 people. By 2021 the population was 677 showing a population growth of 8.8% in the area during that time. The predominant age group in Penshurst is 60-69 years. Households in Penshurst are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Penshurst work in a managers occupation.In 2021, 76.60% of the homes in Penshurst were owner-occupied compared with 81.10% in 2016.

Penshurst has 533 properties. Over the last 5 years, Houses in Penshurst have seen a 62.27% increase in median value, while Units have seen a -26.75% decrease. As at 31 July 2026:

  • The median value for Houses in Penshurst is $361,970 while the median value for Units is $284,475.
  • Houses have a median rent of $200.
There are currently 7 properties listed for sale, and no properties listed for rent in Penshurst on OnTheHouse. According to Cotality's data, 13 properties were sold in the past 12 months in Penshurst.

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Sam Groves
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GROVES REAL ESTATE
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